CRV has experienced a daily decline of 6.46% in recent days, trading below $0.23. So what is behind this drop? Most of the time, such situations occur when those who previously gained from the rallies close their positions to take profits. When institutional funds or large hodlers realize profits, price pressure becomes inevitable.
However, from a technical perspective, these types of pullbacks can create buying opportunities for tokens with strong support in the DeFi ecosystem. Especially considering that CRV has fallen 8.74% over the past 7 days, it can be said that this level offers a new entry point for those who previously gained from it. Those accumulating at lower levels may gain an advantage in their long-term strategies. In short, it seems to be a time for profit for sellers and a period of preparation for buyers.
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CRV has experienced a daily decline of 6.46% in recent days, trading below $0.23. So what is behind this drop? Most of the time, such situations occur when those who previously gained from the rallies close their positions to take profits. When institutional funds or large hodlers realize profits, price pressure becomes inevitable.
However, from a technical perspective, these types of pullbacks can create buying opportunities for tokens with strong support in the DeFi ecosystem. Especially considering that CRV has fallen 8.74% over the past 7 days, it can be said that this level offers a new entry point for those who previously gained from it. Those accumulating at lower levels may gain an advantage in their long-term strategies. In short, it seems to be a time for profit for sellers and a period of preparation for buyers.